
Diamond company De Beers said on Monday it has appointed Nimesh Patel as its Chief Financial Officer, succeeding Gareth Mostyn who will take up the role of executive head of strategy and corporate affairs.
137 published items with the word (s) or phrase Anglo American in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
Diamond company De Beers said on Monday it has appointed Nimesh Patel as its Chief Financial Officer, succeeding Gareth Mostyn who will take up the role of executive head of strategy and corporate affairs.
De Beers Canada has suspended operations at its unprofitable Snap Lake diamond mine in the remote north due to poor market conditions, and said that it will evaluate the mine's potential over the next year.
De Beers said on Thursday that it may consider closing its Snap Lake diamond mine in the Northwest Territories as it grapples with falling prices and costly operations at the unprofitable Arctic mine.
Anglo American on Thursday announced several management changes, including the resignation of the CEO of its iron ore business in Brazil and the appointment of a new CEO for its marketing business.
Mining group Anglo American said on Thursday it was postponing major project investment decisions at its platinum unit until at least 2017 and had cut diamond production in the face of soft demand.
De Beers expects the value of its diamond sales in China may rise this year by just over a tenth of 2011's surge, as the economy that has long bolstered global luxury goods heads for its weakest growth in 25 years.
A year ago, India's diamond capital hit the headlines when one of the largest polishing companies in the western city of Surat treated hundreds of employees to extravagant bonuses.
A face of the British brand since last January, the daughter of Mick Jagger and Jerry Hall has now gone to the drawing board to create a rock and vintage-inspired capsule collection.
Global mining company Anglo American will shed about 6,000 jobs in the next couple of years as it battles a plunge in metals prices that has dragged its shares down to a 13-year low this week.
De Beers, part of global mining group Anglo American, is to sell more of its diamonds mined in Namibia to local cutters and polishers rather than abroad.